"We Thinking" and Its Consequences
- (pp. 415-19)
AbstractIncreasingly, economists are drawing on concepts from outside economics--such as "norms," "esteem," and "identity"--to model agents' social natures. A key reason for studying such social motivation is to shed light on the conditions that facilitate--or deter--collective action. It has been widely observed, for instance, that groups are more able to engage in collective action when they have a common, group identity. This paper gives one explanation for such a link. The paper develops a new concept, "we thinking"; and it also provides a deeper understanding of the concepts of norms, identity, and esteem.
CitationAkerlof, Robert. 2016. ""We Thinking" and Its Consequences." American Economic Review, 106 (5): 415-19. DOI: 10.1257/aer.p20161040
- D11 Consumer Economics: Theory
- D71 Social Choice; Clubs; Committees; Associations
- Z13 Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification